Blog

It’s only natural to want to help your kids with big ticket items to give them a good start in life—particularly in an era when tuition fees and house prices make higher education and owning a home less affordable than in previous generations.

If you’ve built up some equity over the years, it may be time to look at the options your property
may give you.

A big four bank has updated its home loan serviceability assessment policy in response to APRA’s regulatory amendments.

Counting your blessings

While an inheritance can sound appealing in theory, when it actually happens to you and it’s the result of the loss of someone close, the emotions around that loss can make dealing with the bequest particularly challenging.

With this gift comes the responsibility of managing your inheritance wisely and of making the best of a rare chance to use the money to achieve your dreams, while also acknowledging your benefactor’s wishes if appropriate.

You’ll have a lot of decisions to make. These choices may include whether to use the money to pay off the mortgage, to fund educational expenses for children/ grandchildren, or to donate to charities you support or in honour of the person who left you this gift. How do you navigate your way through the maze of options and priorities in front of you?